5 Best-Leveraged ETFs of the First Quarter – Investing.com

SectorFinancial Markets

Amid bouts of volatility triggered by the tech sell-off and tax hike worries, Wall Street ended the first quarter on a high note with the Dow Jones and the S&P 500 logging the fourth consecutive quarter of positive gains.The combination of rapid COVID-19 vaccinations, progress on vaccines, and an unprecedented stimulus have been the major catalysts. President Joe Biden last week unveiled an additional $2 trillion spending plan over 10 years largely toward improving transportation, communication and power infrastructure. The infrastructure plan will be paired with an additional $1 trillion in spending focused on social programs and is expected to be unveiled in April.Additionally, bouts of upbeat data underscore confidence in the economy, bolstering the risk appetite. The U.S.

economy added 916,000 jobs in March — the best gain since August and the unemployment rate fell to a pandemic low of 6%. Americans are growing optimistic about an economic recovery. This is especially true as the University of Michigan’s final sentiment index climbed to a pandemic high of 84.9 in late March from a preliminary reading of 83. The Conference Board on consumer confidence index also jumped to 109.7 in March — the highest level since the onset of the ...read more...